Full Truck Alliance Co. Ltd. Sponsored ADR $YMM Shares Purchased by OLP CAPITAL MANAGEMENT Ltd

OLP CAPITAL MANAGEMENT Ltd raised its position in shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM) by 198.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,007,851 shares of the company’s stock after purchasing an additional 9,983,779 shares during the period. Full Truck Alliance accounts for approximately 31.4% of OLP CAPITAL MANAGEMENT Ltd’s holdings, making the stock its 2nd biggest position. OLP CAPITAL MANAGEMENT Ltd’s holdings in Full Truck Alliance were worth $161,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Beijing Investment Ltd boosted its stake in Full Truck Alliance by 73.8% during the 3rd quarter. First Beijing Investment Ltd now owns 68,645,580 shares of the company’s stock valued at $890,333,000 after purchasing an additional 29,150,926 shares during the period. Invesco Ltd. boosted its stake in Full Truck Alliance by 66.4% during the 3rd quarter. Invesco Ltd. now owns 54,223,349 shares of the company’s stock valued at $703,277,000 after purchasing an additional 21,628,993 shares during the period. Schroder Investment Management Group boosted its stake in Full Truck Alliance by 2,789.6% during the 3rd quarter. Schroder Investment Management Group now owns 33,333,051 shares of the company’s stock valued at $432,330,000 after purchasing an additional 32,179,501 shares during the period. Vanguard Group Inc. boosted its stake in Full Truck Alliance by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 33,004,634 shares of the company’s stock valued at $354,140,000 after purchasing an additional 461,147 shares during the period. Finally, Krane Funds Advisors LLC boosted its stake in Full Truck Alliance by 14.0% during the 4th quarter. Krane Funds Advisors LLC now owns 32,100,736 shares of the company’s stock valued at $344,441,000 after purchasing an additional 3,935,263 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

Full Truck Alliance Trading Down 0.6%

Shares of NYSE:YMM opened at $8.42 on Friday. The company has a 50 day moving average of $8.63 and a 200-day moving average of $9.55. The firm has a market cap of $8.77 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.78 and a beta of 0.30. Full Truck Alliance Co. Ltd. Sponsored ADR has a twelve month low of $8.04 and a twelve month high of $14.07.

Full Truck Alliance (NYSE:YMM) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $456.32 million during the quarter. Full Truck Alliance had a net margin of 32.68% and a return on equity of 10.52%. Equities research analysts forecast that Full Truck Alliance Co. Ltd. Sponsored ADR will post 0.66 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Full Truck Alliance in a research note on Monday, April 20th. Weiss Ratings lowered shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Bank of America began coverage on shares of Full Truck Alliance in a research note on Tuesday, May 5th. They issued a “buy” rating and a $11.30 price target for the company. Nomura began coverage on shares of Full Truck Alliance in a research note on Friday. They issued a “buy” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday, March 12th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Full Truck Alliance currently has a consensus rating of “Moderate Buy” and an average price target of $10.76.

Full Truck Alliance Profile

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.